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Exam (elaborations)

ADV3403 Exam 3 Study Guide questions with correct answers

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ADV3403 Exam 3 Study Guide questions with correct answers

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ADV3403 Exam 3 Study Guide
questions with correct answers

5 Step Branding Process - correct answer ✔✔1. conducting research

2. clarifying strategy

3. designing identity

4. creating touchpoints

5. managing assets



Role of Project Management in the branding process - correct answer ✔✔Astute project
management builds confidence and mutual respect among stakeholders, fostering the
teamwork and commitment necessary for success.



Common metrics used for brand management - correct answer ✔✔Perception metrics:

Awareness

Familiarity + consideration

Performance metrics:

Purchase decision

Loyalty

Financial metrics:

Value creation



Common metrics used for isolated touchpoints (examples) - correct answer ✔✔Websites

-Total visits + percent new visits

-Unique visitors

,-Average conversion rate

-Page views by page

Social media

-Fans/followers

-Likes

-Engagement

-Brand reputation

-Influence

Intellectual property

-Protecting assets

-Preventing litigation

Direct mail

-Response rate

Trade shows

-Number of leads generated

-Number of sales

Licensing

-Revenues

-Protecting assets

Product placement

-Reach

-Impressions

Public relations

-Buzz

Advertising

-Conversions

, -Revenues

-Awareness

Packaging

-Sales change after new packaging

-Compare sales change to overall project cost

-Money saved because of engineering and materials

Online brand center

-Number of users

-Time per visit session

-Actual ROI on site usage

-Number of downloaded asset files

Standards + guidelines

-More consistent implementation

-More effective content management

-Faster decision making

-More efficient use of time



Key types of research audits that can be performed - correct answer ✔✔-Marketing audit

-Competitive audit

-Language audit



Factors that contribute to successful stakeholder interviews - correct answer ✔✔-Small group of
decision makers

-Steady focus on agenda

-Steady pace

-Clear and reasonable expectations

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